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pension sb off

mainly UK phrasal verb with pension
 
/ˈpen.ʃən/
 
verb

Definition

to make someone leave their job and give them a pension, usually when they have reached an age at which they can stop working: Workers in the company are being pensioned off at 50.Firing staff and being firedRetiring and resigning from work
(Definition of pension sb off from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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